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Vringo (VRNG +33%) skyrockets after the judge overseeing the company's legal battle with Google...

Vringo (VRNG +33%) skyrockets after the judge overseeing the company's legal battle with Google (GOOG) denies Google's request for a summary judgment, and orders the companies to engage in settlement talks on Oct. 9. Barring a settlement, a trial is set to begin on Oct. 16. Many SA writers have been discussing Vringo/Google in recent weeks.
Comments (8)
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    Here we go....
    3 Oct 2012, 01:04 PM Reply Like
  • vitosoranno1
    , contributor
    Comments (1269) | Send Message
     
    WHAT GREAT NEWS!!!!!!!!!

     

    Much of the content of the legal arguments contained in GOOGLE's Motions For Summary Judgment is the crux of the legal arguments that GOOGLE will present in court -- the backbone of their defense. Since the judge has determined that the Motions are without merit leaves GOOGLE in an extremely weak position.

     

    The handwriting is on the wall.

     

    Vringo's position has now been immeasurably strengthened, and the chances are that there will be a lucrative settlement. Under the current circumstances, GOOGLE dares not go to trial and risk the serious ramifications that would follow, not only as it concerns the monetary award but the adverse effect on the core of their business..

     

    3 Oct 2012, 05:56 PM Reply Like
  • craig thomas
    , contributor
    Comments (42) | Send Message
     
    Are you long VRNG surfnspy?...this is the payback for our STVI trades! lol
    3 Oct 2012, 01:08 PM Reply Like
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    Holy Cow! Was STVI a disaster or what! I took a 40%+ haircut on that name!

     

    Yes I am long VRNG at $2.97 :-)
    3 Oct 2012, 01:14 PM Reply Like
  • craig thomas
    , contributor
    Comments (42) | Send Message
     
    nice entry point...Also long 6560 shares @ $3.26 :)
    you win some you lose some...take a look at SRPT...bought that last month @ $13.75 (1000 shares) and sold out 5 days later @ $14.75 for a quick $1k profit... up to $41.80 today!!
    3 Oct 2012, 01:26 PM Reply Like
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    "you win some you lose some"

     

    But you live to trade another day :-)
    3 Oct 2012, 01:29 PM Reply Like
  • ppriest2000
    , contributor
    Comments (7) | Send Message
     
    where does VRNG go from here?
    3 Oct 2012, 04:01 PM Reply Like
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    My guess is $ettlement??? If they settle with GOOG seems to me like anyone else VRNG went after would want to do the same.
    3 Oct 2012, 04:37 PM Reply Like
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